General Discussion
In reply to the discussion: Why is the "private sector" better than the "public sector"? [View all]ProgressiveEconomist
(5,818 posts)The power and wealth of big corporations is concentrated in the hands of a few executives. Politicians who seek big "campaign contributions" can negotiate huge "quid pro quo" deals involving just a few corporate fatcats.
In contrast, with the exception of prison guards, some cops, and some firefighters, public sector unions are both more transparent and fundamentally opposed to government takeover by greedy corporations.
And big corporations won't stay big unless they corrupt government and prevent long-term profits from being competed away by rising long term costs and new players in their industries. Think of the worst of the worst corporate polluters and plunderers. Big media and big telcoms need the FCC to run interference for them and let them buy out potential new competitors. Big Gas drillers need to get exemptions from EPA laws and rules so they can destroy millions of acres of groundwater with cheap "fracking", Wall Street needs the SEC, CFTC, and Consumer Finance Protection to turn a blind eye to 40x leverage that can make investments go down exponentially faster than they go up and crash the real economy.
This is what Republicans mean by "job-killing regulations"--destroyers of sweet quid-pro-quo deals between corrupt politicians and greedy anti-competitive corporations.